Thursday, September 22, 2011

Gbp update


Quick chart on the GBP/USD...will see what happens at the specified level...


---------------------Updating this play on the British Pound.. Never got to my 1.5260 level exactly, but very close...I think the trend on risk assets (including the GBP) is firmly down in the medium term ( few coming months). The play is to short rallies.  I think around 1.59 - 1.60, it would be a good idea to start building a short position.  Ultimate target is around 1.4580 in my opinion, sometime in the next 2-4 months..


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